The Swiss Stock Exchange has debuted the Cardano Staking ETF in partnership with Liqwid Finance and Issuance.Swiss AG. Known as CASL, this Exchange Traded Fund tracks the market performance of Cardano (ADA) and the returns from staking ADA, effectively bridging the realms of traditional and decentralized finance (DeFi). The ETF is backed entirely by physical ADA tokens stored securely in cold storage, ensuring both safety and a reduced management fee of 1.5%.

SIX Swiss Exchange Lists Cardano Staking ETF

The recent announcement from the Swiss Stock Exchange, SIX, introduces a new financial product, the Cardano Staking ETF (CASL), developed by Liqwid Finance in collaboration with Issuance.Swiss AG. This ETF provides investors with exposure to ADA, the native token of the Cardano blockchain, while also enabling them to earn staking rewards.

The ETF is structured to mirror the market performance of ADA and the returns generated from staking the token. Staking involves participants actively validating transactions on a Proof-of-Stake blockchain, earning rewards in the process.

Florian Volery, co-founder of Liqwid Finance, highlights the dual benefits of CASL, emphasizing its role in connecting traditional finance with DeFi. According to Volery, CASL offers investors a combination of stability from traditional financial products and the growth potential inherent in the crypto space.

Volery stated, "Until now, most financial instruments in the crypto universe provided access to developments in underlying assets like Bitcoin, Ethereum, and ADA. We're taking it a step further by putting ADA's assets to work and redistributing the interest to investors."

A notable feature of CASL is its 100% backing by physical ADA tokens stored in cold storage, minimizing risks associated with digital asset custody. This physical backing enhances the ETF's credibility and provides investors with an additional layer of security.

Furthermore, CASL boasts a competitive management fee of 1.5%, making it an attractive and cost-effective option for investors. Its listing on the SIX Swiss Exchange platform enhances its visibility and accessibility to a broader investor base.

The launch of CASL marks a significant milestone in the utilization of Cardano. The blockchain's impeccable track record, with zero outages in the past five years, sets it apart from other Proof-of-Stake networks and underscores the reliability of the CASL ETP infrastructure.

Priced at $25 upon its initial launch and available in multiple currencies, CASL offers investors a regulated avenue to explore the crypto market through a traditional financial instrument. This launch reflects the increasing integration of cryptocurrency into mainstream finance, providing investors with innovative ways to diversify their portfolios.